Being active in the Grand Rapids market and West Michigan this article caught my eye. It did not tell me anything new but it may give you some finger tip information. They had a section called by the numbers and used the figures generated from the Grand Rapids Association of Realtors and the West Michigan Lakeshore Association of Realtors.
Communities where the average home prices have fallen are:
Rockford Grandville Holland Grand Rapids Wyoming Grand Haven Kentwood Tallmadge
Alpine Twp Courtland Twp Dorr/Hopkins Gaines Twp GR Twp Hudsonville Jamestown
Leighton/Wayland Plainfield Coopersville Sparta Twp
Where have homes and areas that maintained value or "Bucked the Trend" as the article stated?
Solon Twp Walker Byron Twp Cannon Twp. Georgetown East GR Caledonia Twp Cascade Twp
Ada Twp Algoma Twp
This may give you a bit more information, the complete article was published in yesterdays Grand Rapids Press. I'll pass along more key market updates when they impact your sale or purchase.